Identify and briefly describe the decisions involved that management must make in organizing a business.

Expert Solution

Decisions which management must make in order to organise the business are as follows-

A. The management needs to define the business goals and the plans which will help the employee in order to perform their best and achieve this plans and goals.

B. Planning according to business organisational needs and these will be helpful in customisation of the business goals which will help in maximizing the value of business.

C. management of relationship among various persons involved is another important aspect of organising the business

D.assignment of the responsibilities and dividing of the work is another important aspect of the organising of the business and which will assign works to the respective employees.

E. Organising the business will also include subordination and reporting hierarchy of the business.

Organising the business will help in allocating resources in an optimal manner that will help in maximizing the benefits of the company.

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